Seabulk Offshore Orders Two

Tuesday, June 15, 2004
Expanding its presence in the growing offshore West African market, Seabulk Offshore -- a subsidiary of Seabulk International, Inc. (Nasdaq: SBLK) -- announced that it has ordered two additional vessels for delivery in late 2004 and mid-2005, respectively. Built at a combined cost of approximately $23.4 million, the new vessels will work under long-term contracts for a major international oil company in offshore Angola. "West Africa is our biggest market and represents more than half of Seabulk Offshore's revenue," commented Larry D. Francois, President of Seabulk Offshore. "These new vessels are a response to our customers' needs and signify our confidence in the long-term potential of this region, where we are currently the number two operator with 40 vessels." The vessels, the Seabulk Advantage and the Seabulk Luanda, bring to five the total number of newbuilds currently under construction for Seabulk Offshore. Of the five, three are destined for West Africa and two for Brazil. They are part of Seabulk Offshore's ongoing fleet renewal program, which has resulted in the delivery or construction of ten new vessels since the beginning of 2003. The Seabulk Advantage is a 4,800-horsepower, four-point-mooring Platform Supply Vessel (PSV) being built in China for Jaya Shipbuilding & Marine, Pte. of Singapore at a cost of approximately $8.6 million. The Seabulk Luanda is an 8,000-horsepower anchor-handling tug/supply vessel (AHTS) being built by Singapore-based Labroy Marine Ltd. at a cost of approximately $14.8 million. Labroy Marine is also constructing the Seabulk Angola, an 8,000-horsepower, anchor-handling tug (AHT) scheduled for delivery in early 2005 at a cost of approximately $10.8 million. With operations in more than 25 countries, Seabulk Offshore is the largest subsidiary of Seabulk International, Inc., accounting for about half the Company's total revenue. Seabulk Offshore's global fleet of 114 vessels serves customers in North America, South America and the Caribbean, West Africa, the Middle East, and Southeast Asia.
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Navy Awards Contract for Passenger Terminal Renovation in Hawaii

Naval Facilities Engineering Command (NAVFAC) Hawaii awarded a $20.5 million firm-fixed-price task order under a multiple award construction contract April 27 to Insight Pacific LLC,

Damen Launches First of Two Ro-Pax Ferries

Eighty-meter ice class Ro-Pax ferry MV Veteran was recently launched by Damen Shipyards Galaţi in Romania, the builder announced today.   The vessel represents the first of a two-vessel contract,

U.S. Renews Security Pledge to Japan

U.S. Secretary of State John Kerry told Japanese leaders on Monday that Washington's treaty commitments to Japan's security remain "iron-clad" and cover all territories under Tokyo's administration,

 
 
Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1299 sec (8 req/sec)